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Transportation

Insurance renewal for motorcycle

John DoeJ
EntrepreneurSammyLocationKilifi, Kenya
Project status
100%funded
$12raised
100%paid forward

was born and raised at Nakuru town. even though moved to coast in year 2008 where l do stay currently.

l own a motorcycle that l use to earn my daily bread. this was after realizing how greatly the bodaboda industry is thriving within this region.

coast people are very friendly and always eager to help.

l enjoy reading whenever am free.

My business entails transporting people from one region to another and goods.motorcycle transportation is on demand since it's cheap affordable to most people and convenient because it's easy to get into the interior parts.the expenses in this business include fuel cost,license cost,insurance cost ,maintenance cost that amount to US 69 per month.this leaves a profit margin of approximately US 89 per month.the profit I get I use in reinvestment where I use 30% of the profit as I save the rest.

this loan applied will be used to top up the amount required to cater for my annual insurance policy with my insurance provider.

the annual insurance policy cost that l have subscribed to is KES 6000 that this loan will top up.